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Ivory Coast
Cocoa: Abidjan faces boycott from trading giants after sales open

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“West African cocoa cartel battles with the traders”

Ghana, Ivory Coast

West African cocoa cartel battles with the traders

By jointly introducing a premium of $400 per tonne on cocoa beans in autumn 2020, Ivory Coast and Ghana were seeking to ensure that cocoa producers' revenues were maintained. In so doing, however, they sparked off an open war with the big commodity traders, who have since taken steps to get round the measure and avoid paying the premium. This battle of wills has paralysed a sector which has already been badly affected by Covid-19 and speeded up the transformation of the trading sector, encouraging Ghana and Ivory Coast to trade their cocoa beans on their own account. [...]

A farmer works with cocoa beans at a farm in Adzope town, southern Ivory Coast, 13 October 2023. © Legnan Koula/EPA/MaxPPP

Having just opened advance sales for the 2024-2025 harvest, the Conseil Café Cacao is now facing a refusal from the major traders to match the prices set by Abidjan. [...]

Published on 31/10/2023 at 05:40 GMT Reading time 2 minutes

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Commodity traders

Read this article in our running story

“West African cocoa cartel battles with the traders”

Ghana, Ivory Coast

West African cocoa cartel battles with the traders

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Ivory Coast
Barry Callebaut
Cargill
Conseil Cafe Cacao
Olam
Touton
Yves Brahima Kone

Ivory Coast
Cargill loses its cocoa pole position

The American trading giant is now only the third-largest exporter of beans from Ivory Coast.

Subscribers only Commodity traders 14.03.2024

Ivory Coast
Cargill and Barry Callebaut cocoa plants may grind to halt

Most of the major traders had anticipated a production drop of between 20% and 25%. However, almost 50% of the volumes sold by the Conseil Café-Cacao will not materialise before the end of the 2023-2024 harvest.

Subscribers only Commodity traders 02.02.2024

Ivory Coast
Local cocoa exporters are short of beans

Ivorian cocoa exporters like Africa Sourcing, Kineden and Ecookim have been unable to match the terms offered by the big international groups, who have tripled planters' bonuses. They have managed to execute only 40% of the contracts they signed for the 2023-2024 season.

Subscribers only Commodity traders 12.12.2023

Ivory Coast
Abidjan bides time on tax incentives extension for local cocoa processing

Cocoa giants Cargill, Barry Callebaut and Olam, which have been investing heavily in industry in Ivory Coast since 2016, have still not received a guarantee from government that it will continue with a tax policy that favoured local processing.

Subscribers only Commodity traders 06.12.2023

Ghana, Ivory Coast
Abidjan and Accra cross swords over cocoa

The difficult marketing campaign for the 2023-2024 harvest is undermining cooperation between the two West African giants in the sector.

Subscribers only Commodity traders 05.12.2023

Ivory Coast
Cocoa regulator's credibility on line over 2023-2024 season

The cocoa selling season in Ivory Coast is turning into a fiasco for the Conseil Café Cacao, which traders have accused of promising non-existent quantities of beans.

Subscribers only Commodity traders 16.11.2023

Preparing bags of cocoa beans on an Ivorian farm, October 2023.

Ethiopia
Coffee sector hobbled by drive for foreign currency

The Ethiopian Coffee and Tea Authority has come under fire after limiting the amount of coffee that private individuals can take out of the country. It has been juggling the difficult task of regulating the sector with its ambitious targets for bringing dollars into the country.

Subscribers only Commodity traders, Business 16.11.2023

Ivory Coast
Abidjan keeps up cocoa pressure on Brussels

As the start of the 2023-2024 cocoa season approaches, the Conseil Café-Cacao is stepping up pressure on the EU by continuing its blockade of forward sales of cocoa beans.

Subscribers only Commodity traders 28.09.2023

Ivory Coast
Abidjan stings Cargill with hefty tax fine

Faced with a tax adjustment of over CFA Francs 100bn, the US group, the largest exporter of Ivorian cocoa beans, is trying to negotiate with the Ivorian authorities through the US Chamber of Commerce in Ivory Coast.

Subscribers only Commodity traders 21.06.2023

Ivory Coast
Foreign cocoa exporter success fuels local discontent

The major foreign traders were the winners in Ivory Coast's main cocoa bean harvest that has just ended. This has heightened tension between the big players such as Cargill and local exporters, who blame foreign competitors for their supply difficulties.

Subscribers only Commodity traders 20.04.2023

A bag of cocoa beans stamped "Conseil du café-cacao" in Ivory Coast.

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Ivory Coast
Barry Callebaut
Cargill
Conseil Cafe Cacao
Olam
Touton
Yves Brahima Kone

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Ivory Coast
Cocoa: Abidjan faces boycott from trading giants after sales open

West African cocoa cartel battles with the traders

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West African cocoa cartel battles with the traders

Set up email notifications for these topics

Ivory Coast
Cargill loses its cocoa pole position

Ivory Coast
Cargill and Barry Callebaut cocoa plants may grind to halt

Ivory Coast
Local cocoa exporters are short of beans

Ivory Coast
Abidjan bides time on tax incentives extension for local cocoa processing

Ghana, Ivory Coast
Abidjan and Accra cross swords over cocoa

Ivory Coast
Cocoa regulator's credibility on line over 2023-2024 season

Ethiopia
Coffee sector hobbled by drive for foreign currency

Ivory Coast
Abidjan keeps up cocoa pressure on Brussels

Ivory Coast
Abidjan stings Cargill with hefty tax fine

Ivory Coast
Foreign cocoa exporter success fuels local discontent

Set up email notifications for these topics

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Indigo Publications' websites

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Ivory Coast Cocoa: Abidjan faces boycott from trading giants after sales open

West African cocoa cartel battles with the traders

This article may be accessed by subscribers

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West African cocoa cartel battles with the traders

Set up email notifications for these topics

Ivory Coast Cargill loses its cocoa pole position

Ivory Coast Cargill and Barry Callebaut cocoa plants may grind to halt

Ivory Coast Local cocoa exporters are short of beans

Ivory Coast Abidjan bides time on tax incentives extension for local cocoa processing

Ghana, Ivory Coast Abidjan and Accra cross swords over cocoa

Ivory Coast Cocoa regulator's credibility on line over 2023-2024 season

Ethiopia Coffee sector hobbled by drive for foreign currency

Ivory Coast Abidjan keeps up cocoa pressure on Brussels

Ivory Coast Abidjan stings Cargill with hefty tax fine

Ivory Coast Foreign cocoa exporter success fuels local discontent

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Libya
From Tripoli to Benghazi, Turkish trader BGN's oil odyssey

Senegal
Guns and oil drive Russia's Dakar courtship

Ivory Coast
Cocoa: Abidjan faces boycott from trading giants after sales open

Ivory Coast
Cargill loses its cocoa pole position

Ivory Coast
Cargill and Barry Callebaut cocoa plants may grind to halt

Ivory Coast
Local cocoa exporters are short of beans

Ivory Coast
Abidjan bides time on tax incentives extension for local cocoa processing

Ghana, Ivory Coast
Abidjan and Accra cross swords over cocoa

Ivory Coast
Cocoa regulator's credibility on line over 2023-2024 season

Ethiopia
Coffee sector hobbled by drive for foreign currency

Ivory Coast
Abidjan keeps up cocoa pressure on Brussels

Ivory Coast
Abidjan stings Cargill with hefty tax fine

Ivory Coast
Foreign cocoa exporter success fuels local discontent